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King of Prussia, Pennsylvania, November 18, 2021 (GLOBE NEWSWIRE) – The American College of Financial Services is proud to announce a $ 1 million contribution from the Pacific Life Foundation to the American College Center for Economic Empowerment and Equality . Announced at the 15th Annual African American Financial Professionals Conference (CAAFP), this significant donation is one of the first the College has received to support and celebrate our commitment to closing the racial wealth gap with solutions. sustainable, collective and community-oriented. For its leadership, the Pacific Life Foundation will be recognized as a Founder’s Circle donor.
“Critical support from the Pacific Life Foundation and other industry leaders will enable the Center for Economic Empowerment and Equality to collaborate with those who seek to change the narrative of our history around economic equity,†said George Nichols III, President and CEO of the American College of Financial Services. “We are extremely grateful to the Pacific Life Foundation for this generous investment toward measurable impact in our collective efforts to partner with underserved communities and promote economic justice.”
This significant start-up grant from the Pacific Life Foundation will help expand the The Centre’s Four Steps Initiative and programs to reach underserved communities and increase their opportunities for economic mobility. The funding will help the Center educate and empower black financial professionals at the start and growth of their careers. The Pacific Life Foundation’s commitment will help expand the Center for Black Women’s financial education programs, strengthen the Center’s scholarship programs for Black Historic Colleges and Universities (HBCU), and early-stage finance professionals. career development, and to implement a new approach to study groups for black finance. professionals.
“Addressing the racial wealth gap and creating economic mobility begins with uplifting underserved communities and committing to delivering sustainable, community-based solutions,†said Jim Morris, president and CEO of Pacific Life and president of the Pacific Life Foundation. “The education and empowerment of black financial professionals and the black community is of utmost importance to the future and growth of the financial services industry. We are proud to partner with the American College Center for Economic Empowerment and Equality to support their efforts as they write a new narrative on economic equity.
Pacific Life and the Pacific Life Foundation are committed to ensuring an inclusive workplace and strengthening the communities where its employees live and work. The Pacific Life Foundation has a long history of focusing its giving on building communities and investing in programs and organizations whose specific mission is to empower and ensure the stability of underrepresented individuals and families, with more than 2 million dollars in annual funding and support for these efforts.
Learn more about the Center for Economic Empowerment and Equality and our committed partners on Equality.TheAmericanCollege.edu.
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ABOUT THE AMERICAN COLLEGE OF FINANCIAL SERVICES
The American College of Financial Services was founded in 1927 and is the nation’s largest nonprofit educational institution dedicated to financial services. Holding the highest level of academic accreditation, the College has trained one in five financial advisors in the United States and offers two masters in financial management and services, as well as prestigious designations in financial planning such as the Retirement Income Certified Professional® (RICP®), Underwriter Vie Agréé® (CLU®), Certified Professional in Wealth Management® (WMCP®), Certified Philanthropy® Advisor (CAP®), Certified Special Needs Consultant® (ChSNC®), Certified Financial Consultant® (ChFC®), and education leading to Certified Financial Planner â„¢ Certification (CFP®). The College’s faculty represent some of the greatest thought leaders in the financial services profession. Visit TheAmericanCollege.edu and connect with us on LinkedIn, Facebook, Twitter, Instagram, and Youtube.
ABOUT PACIFIC LIFE AND THE PACIFIC LIFE FOUNDATION
For over 150 years, Pacific Life has helped millions of individuals and families meet their financial needs through a wide range of life insurance, annuity and mutual fund products, and offers a variety of investment products and services for individuals, businesses and pension plans. plans. Pacific Life has more than half of America’s 100 Largest Companies as clients and was named one of the World’s Most Ethical Companies® in 2021 by the Ethisphere Institute. For more information about the company, including current financial strength ratings, visit PacificLife.com.
The Pacific Life Foundation (the Foundation) was established in 1984. In collaboration with Pacific Life, the Foundation has donated $ 131 million to community and national nonprofit organizations. Grants are awarded to organizations that meet a wide range of social needs.
Pacific Life means Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. The number of clients in June 2021 is compiled by Pacific Life using the 2021 FORTUNE 500® list.
Lindsey Allumbaugh American College of Financial Services 610-526-1418 [email protected]
Copyright 2021 GlobeNewswire, Inc.
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